Private Credit Fund Managers Are Ready to Step in Where Brexit Banks Retreat
- Banks may become less active, making space for funds: Tikehau
- Certainty of pricing is attracting borrowers to private debt
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Direct lenders are gearing up for more business in the U.K. as they see banks shrinking their sterling corporate loan books in the wake of Brexit-linked volatility and slower economic growth.
Private credit fund managers say they are already witnessing an increase in deal flow as traditional lenders turn more cautious in the run up to Britain leaving the European Union, a trend that may accelerate if there’s a disorderly exit.